Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Phillip C. Lee who wrote (10351)	3/28/1998 11:57:00 AM
From: Kurt Starnes	Read Replies (2) \| Respond to of 213176

Phillip: I continue to be impressed with your analysis of AAPL. Especially your call of $28 on Tuesday after AAPL was sucked below $25 on Monday after option expirations. While some in this group seem to think you might be overly optimistic regarding AAPL, recent history has proved your analysis to be very accurate. I share your continued optimism, and predict AAPL at $50 by late July. To get there, AAPL will have to surprise this quarter (I like Eric's numbers), name a CEO and surprise again when 3rd quarter numbers are released. And these words from AAPL's most recent 10Q will not leave my head: "Therefore, sequential revenue growth is not expected until at least the third quarter, while year-over-year revenue growth is not expected until at least the fourth quarter. The Company believes that gross margin levels on its current products are sustainable for several quarters and that operating expenses will continue to trend downward through the third quarter." IMHO, if the prophecy of the above paragraph is fulfilled, then $100 by (with "year-over-year revenue growth") AAPL's fourth quarter is within grasp. Yes, I am a shareholder and option holder. And a serious AAPLhead. GO AAPL! Kurt

To: Phillip C. Lee who wrote (10351)	3/28/1998 1:06:00 PM
From: Linda Kaplan	Respond to of 213176

Phil, I read the hesitation as consolidation, too. Pixar did the same thing on the way up, recently. When it hesitated, I thought it was going to go down and bought puts, but it stayed level for a while and then just moved up again. I hope that David was faked out by this in Apple the way I was faked out by this in Pixar, and that Apple will start to move pre-earnings next week. It's encouraging that you see it that way, since you've been uncannily accurate. Linda

To: Phillip C. Lee who wrote (10351)	3/30/1998 10:36:00 PM
From: Moominoid	Read Replies (1) \| Respond to of 213176

My thought on Apple's trend is just opposite of yours. So far it can stand at above $26 level, which is a miracle and strong uptrend indication. It is typically a consolidation pattern this week expect Tuesday's spike. If you look at yearly chart, there are special three days (8/6/97-8/8/97) when the most heaviest trading in Apple's stock history, with almost 87m shares changed hands. If accounting for repetitive entries during those three days, we still have at least 50m shares deal done, which represents more than 1/3 of total outstanding shares. It will be amazing if it doesn't take a little longer time to consolidate within $26-$29 range. It seems to me that this period is about to finish and ready to move up next week before Q2 report anticipation. Thanks for your comments. I'm still long on Apple just reduced my leverage. The pattern to me looks a lot like last late August-early September which ended in a collapse the day after the earnings figures were released. David